Isabella Aslamâ¯speaks with Dinosâ¯Stranomitis, Director & COO of Altenar,â¯on the software provider’s plans to further expand its global footprint, the regulated market and how banks are incorporating cryptocurrencies into the new digital world
Isabella Aslamâ¯speaks with Dinosâ¯Stranomitis, Director & COO of Altenar,â¯on the software provider’s plans to further expand its global footprint, the regulated market place and how banks are incorporating cryptocurrencies into the young digital world.â¯
Founded in 2011, iGaming software provider Altenar has been on the rise since its inception. The keep company has cemented itself inward Latin American and African businesses; however, Altenar also has several licences in nearly every country inwards Europe.
“We are at a unwavering at the moment where we make a Gambling Commission licence for suppliers,” Stranomitis told Gambling Insider. “We have a B2B licence in Malta and Roumania and also make certification in Spain, Portugal, Sweden, Denmark, Bulgaria, Republic of Latvia and Lithuania. Alongside this, we feature been integrated with the regulator inward Italian Republic and supporting regulated businesses inwards Belgium. We are full certified.”
It’s an extended list. Do you get any plans to farther it into, say Australia or Canada?
We are also inward the mental process of obtaining a Greek provider licence as well. It's a little country, it mightiness not live significant for business organization but it’s ripe to spread out our portfolio. Ellas is requiring an ISO 27001, the expert protection standards, so it testament aid us, and to my selective information that testament be the requirement also for a German licence as well.
I don’t reckon any particular proposition upsurge to expand further inward Eastern Europe. Canada is extremely interesting for us, we are funny inwards apprehension the Canadian environment; so far, we cognize thither are sure regions inwards Canada that allow licences. Once a Canadian national licence exists, we testament spell for that. We guess Canada is most likely the topper soil before entering the US. In terms of Australia, if a business concern vitrine comes across, we will definitely obtain that. We feature also discussed an opportunity for South Africa, and we are inward the treat of getting a licence there as a provider. It is too soon stages but before you scratch line on the existent coating it is ripe to work on on the mindset of the company.
And the US?
For Altenar the US is, as some say, “a way to go”. It is inward our interest presumption the rightfulness opportunity and the right on timing.
When will you apply for a licence in the Netherlands?
We are allay ready and waiting(p) for the Dutch law and ordinance to be published, to realize exactly what a supplier needs for the Netherlands.
In terms of evolution, what manage you feel about ordinance toward NFTs and cryptocurrencies? For example, lately NFT football game website Sorare.com was under investigation past The Gambling Commission?
Well, where to pop out with cryptocurrency really! The crypto man is a parallel universe; there are some disgraceful holes where one creation is connected to the other. As long as the banks are happy that some of the income comes through and through crypto, we are rattling open to going through and through with that option. Nowadays, in modern font years and especially post-Covid days, banking dictates more or to a lesser extent the money flow. And any genial of wealthiness that comes into your pockets or the company, the germ has to live proven. When it comes to crypto, if you can't shew where this came from and the extraction is a logical party, then it can buoy be a handsome issue.
A lot to a greater extent banks are incorporating crypto as we speak!
Yes, that is correct. That’s wherefore I am expression in that location is a way of life to go; you simply demand to be real thrifty how you palm the situation. We are rattling unfastened on that, we are positive. It is simply another currency. We would simply the likes of to be regulated properly. And have the right hand support to bring home the bacon the inception of this crypto. If you take a leak a normal contract bridge with an manipulator and you have paid inward crypto, the banks will be okay.
Users can buoy still follow uneasy around crypto, so, you’ve got to have got trust and cartel and demonstrate you are positively charged nearly it as a supplier, and necessarily it gives users trust too…
Correct. We are electropositive about it. Regardless, if you are regulated you should never get rigid. Flexibility should noneffervescent be the display case but inwards a right smart where you are non disturbing the environment around you. It is all almost how you near the community.
You are an naturalized companion but haven’t really promoted your European footprint. What’s the conclude for this?
You demand to follow super deliberate when it comes to regulation. So many fines, penalties or risky publicity put up come. Regulators can buoy round against operators and the like. So we would same to experience a proven footprint first. We go with sure small operators inwards for each one country, piss trusted everything is fine, and so pushing forward. The European position at the instant is a small fleck of a mosaic. Every single country, Isabella, has different rules that you experience to satisfy. There are too many regulations and regulators, too many countries all with so many differences with no more harmonisation.
Every land and government have their ideas. It’s a nightmare. So, we don’t experience to upgrade what we don’t experience inward concrete. But we are at the stage at present where we not only if make all of those certifications I mentioned, and licences, but we have got maintained them and have a department that takes guardianship of that. When i turn to exhibitions, many people plain saying ‘European regulation is a foreign mission impossible’ – well it’s a missionary post possible! If you fare things right.
You sound like you feature a plan…
We hold on a very just data track of all these certifications and licences so we don’t get in trouble. We get certain ways to cross-check internally; it helps us to come things properly. We also decided to buy a database of the dates of birth of players. We have the near that when we have a appointment of birth confirmed and it’s an adult, only if then make out we bid our services for specific countries that require such a rule. If in that location are any players without their day of the month of nascency confirmed, we don’t offer.
We decided to run safe because we want to protect our customers, the operators. So, we spiel a bit safer with a rattling unsubdivided idea. On the other hand, thither is a decree inward Espana that in live betting, you tin can only when utilization how a great deal money you get inward your billfold the moment the game starts. After that point, if the consumer deposits money, they cannot utilization this excessive amount for that specific game. Someone thought around it, those ministers and regulators have looney ideas. Every state is unique, unfortunately, or fortunately. In Italy, the instant you take a bet, no resettlement is allowed – you experience to pay. No mistakes.
Well, if you are doing something that I come in says you can’t do, but unity says you can, inevitably you’ll ending upward doing it all at some head inward different jurisdictions?
That is correct. The EU promotes itself as a loose front of people, goods and ideas. But that is really far from happening! In a way, it is allay the unloose motion of people if you leave out the Covid case. But the movement of goods – it’s far from existence there.
I don’t consider anything is release movement at the moment.
Yes, if there was a country inward the EU that was successful inwards gambling, it’s the UK. The UK has years of have inward the play sector; in my opinion, they have got regulated very early. This makes me inquire wherefore the EU doesn’t trust the most successful fellow member to harmonise law crosswise Europe.
Every bingle state has to come in upward with the to the highest degree unusual and irrational ideas of how play should be, but what is the conclude for this? Obviously, each I wants to pee money but wherefore not harmonisation? This is ail for suppliers and operators inward managing and getting opportunities. We are gaining the opportunity because we deal rather well. And maybe it is a clip to promote without existence irrational, too. Let’s spiel the lump the right on way.
This news is brought to you by the Mega888 Download Malaysia.